Global Plasticizers Market Outlook to 2027
Plasticizers are colorless and odorless types of low-molecular-weight polymers that increase the spacing between crystalline polymer chains to make them more flexible and, thereby, tougher. According to BlueQuark Research & Consulting, the Global Plasticizers market is expected to witness a significant growth rate during the forecasted period. Factors like the growing use of polymers such as Poly Vinyl Chloride to which Plasticizers are added to make it soft and pliable in automobile and construction industry I expected to drive the Global Plasticizers market. Further, the use of food-grade Plasticizers as additives for increasing the plasticity or decreasing the viscosity of the food wrapping material is projected to drive the Global Plasticizer market. Furthermore, the use of Plasticizers to make soft, flexible, and safe toys by replacing or protecting sharp edges and avoiding brittleness, which could result in a choking hazard, is expected to drive the Global Plasticizer market. They are needed to make rigid and brittle plastics, rubbers, paints, coatings, and adhesives more smooth, flexible, and soft. PVC floors, cables, plastic toys, or packaging therefore, many everyday products contain plasticizers. However, factors like toxicity concerning the use of Plasticizers, availability of substitutes, and stringent government regulations are estimated to restrain the global market growth.
Plasticizers are used to convert rigid plastics into soft, flexible, and elastic materials for better, efficient, and safe use in various industries like automotive, construction, and Electronics, further it is used for making plastics suitable for use in films, flooring, automotive interiors, cables, toys, cables, and plastic tubing application.
The Automobile industry is the most vital consumer of Plasticizers as it is used to soften and lighten plastics used in automobiles and is projected to drive the Global Plasticizers market. Growing population, rapid urbanization are some of the facts behind the increased sales of cars, especially in populated regions like India and China. Further, the enhanced awareness of the fundamental relationship between mass and fuel economy of automobiles has inclined automobile makers to opt for lightweight materials and metal alternatives. PVC's used in cars are treated with plasticizers for making them soft, and as a result, the plastics get excellent water resistance, and non-flammable properties have driven the demand for plasticizers to grow.Volkswagen Groupposted its quarter one results of 2021, with a revenue of USD 55.1 Billion and sales of 2.4 million vehicles globally, a 21.2 percent year-on-year increase. Furthermore, the automotive industry is also experiencing a boom in the electric vehicle market due to the environmental awareness amongst citizens, and the government offering subsidies on its purchase further propel the automotive industry. Since Plasticizer treated plastics are used in automotive components like bumpers, interiors, seating, center consoles, etc., their applications are not limited and are almost identical in electric and conventional automobiles. Therefore the use of Plasticizers in the automobile industry is expected to grow and drive the overall market.
Some of the market's key players areArkema S.A.,BASF SE,The Dow Chemical Company,LG Chem Ltd.,Evonik Industries AG,ExxonMobil Chemical Company,Eastman Chemical Company, among others.
Asia-Pacific region is expected to be the Plasticizers production leader, with most of the consumption in China and India. Plasticizer-added polymers account for a critical portion of the total automotive polymers utilized in a passenger vehicle. Thus, with hundreds of automobiles manufactured daily, China satisfies its domestic need and caters to the international demand for vehicles. IBEF stated that the automobile production in India grew at 2.36% CAGR between FY16-20, with nearly 26.36 million vehicles being manufactured in the country in 2020-21. Apart from the rapidly growing automobile industry, China, Japan, and South Korea are the largest electronics and other consumer goods manufacturers, which have Plasticizers as one of the critical components, thus surging the demand for Plasticizers in the region. As greater than half of the world's people reside in the Asia-Pacific region, there is an increasing demand for housing. Since Plasticizers are used in pipe, flooring, wall coverings, napkins, adhesive films, pool liners, extruded cables, automobile, synthetic leather coated textiles, and medical devices, the demand for Plasticizers is expected to increase in the region.
In September 2021,LG Chempartnered with Dansuk International to build a new plant in South Korea for the production of hydro-treated vegetable oil, which is used as a precursor to making PVC.
In September 2021, South Korea'sAekyung Groupannounced an overseas production plant for phthalic anhydride (PA).
In August 2021,Lanxess AGcompleted the acquisition of US-based Emerald Kalama Chemical for USD 1.04 Billion.
Global Plasticizers Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Plasticizers market by segmenting based on the Type (Phthalates, Non-Phthalates, Others), End-User Industry (Automotive, Electronics, Consumer Goods, Construction, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Plasticizers are used to convert rigid plastics into soft, flexible, and elastic materials for better, efficient, and safe use in various industries like automotive, construction, and Electronics, further it is used for making plastics suitable for use in films, flooring, automotive interiors, cables, toys, cables, and plastic tubing application.
The Automobile industry is the most vital consumer of Plasticizers as it is used to soften and lighten plastics used in automobiles and is projected to drive the Global Plasticizers market. Growing population, rapid urbanization are some of the facts behind the increased sales of cars, especially in populated regions like India and China. Further, the enhanced awareness of the fundamental relationship between mass and fuel economy of automobiles has inclined automobile makers to opt for lightweight materials and metal alternatives. PVC's used in cars are treated with plasticizers for making them soft, and as a result, the plastics get excellent water resistance, and non-flammable properties have driven the demand for plasticizers to grow.Volkswagen Groupposted its quarter one results of 2021, with a revenue of USD 55.1 Billion and sales of 2.4 million vehicles globally, a 21.2 percent year-on-year increase. Furthermore, the automotive industry is also experiencing a boom in the electric vehicle market due to the environmental awareness amongst citizens, and the government offering subsidies on its purchase further propel the automotive industry. Since Plasticizer treated plastics are used in automotive components like bumpers, interiors, seating, center consoles, etc., their applications are not limited and are almost identical in electric and conventional automobiles. Therefore the use of Plasticizers in the automobile industry is expected to grow and drive the overall market.
Some of the market's key players areArkema S.A.,BASF SE,The Dow Chemical Company,LG Chem Ltd.,Evonik Industries AG,ExxonMobil Chemical Company,Eastman Chemical Company, among others.
Asia-Pacific region is expected to be the Plasticizers production leader, with most of the consumption in China and India. Plasticizer-added polymers account for a critical portion of the total automotive polymers utilized in a passenger vehicle. Thus, with hundreds of automobiles manufactured daily, China satisfies its domestic need and caters to the international demand for vehicles. IBEF stated that the automobile production in India grew at 2.36% CAGR between FY16-20, with nearly 26.36 million vehicles being manufactured in the country in 2020-21. Apart from the rapidly growing automobile industry, China, Japan, and South Korea are the largest electronics and other consumer goods manufacturers, which have Plasticizers as one of the critical components, thus surging the demand for Plasticizers in the region. As greater than half of the world's people reside in the Asia-Pacific region, there is an increasing demand for housing. Since Plasticizers are used in pipe, flooring, wall coverings, napkins, adhesive films, pool liners, extruded cables, automobile, synthetic leather coated textiles, and medical devices, the demand for Plasticizers is expected to increase in the region.
In September 2021,LG Chempartnered with Dansuk International to build a new plant in South Korea for the production of hydro-treated vegetable oil, which is used as a precursor to making PVC.
In September 2021, South Korea'sAekyung Groupannounced an overseas production plant for phthalic anhydride (PA).
In August 2021,Lanxess AGcompleted the acquisition of US-based Emerald Kalama Chemical for USD 1.04 Billion.
Global Plasticizers Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Plasticizers market by segmenting based on the Type (Phthalates, Non-Phthalates, Others), End-User Industry (Automotive, Electronics, Consumer Goods, Construction, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1 Phthalates
5.1.2 Non-Phthalates
5.1.3 Others
5.2 By End User Industry
5.2.1 Automotive
5.2.2 Electronics 5.2.3 Consumer Goods
5.2.4 Construction
5.2.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
Arkema S.A.
7.2
BASF SE
7.3
The Dow Chemical Company
7.4
LG Chem Ltd.
7.5
Evonik Industries AG
7.6
ExxonMobil Chemical Company
7.7
Eastman Chemical Company
7.8
Ineos Group Ltd
7.9
UPC Technology Corp.
7.10
Aekyung Petrochemical Co., Ltd
7.11
Nan Ya Plastics Corporation
7.12
Shandong Hongxin Chemical Industry Company Limited
7.13
Shandong Qilu Plasticizers Co. Ltd
7.14
Bluesail chemicals
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1 Phthalates
5.1.2 Non-Phthalates
5.1.3 Others
5.2 By End User Industry
5.2.1 Automotive
5.2.2 Electronics 5.2.3 Consumer Goods
5.2.4 Construction
5.2.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
Arkema S.A.
7.2
BASF SE
7.3
The Dow Chemical Company
7.4
LG Chem Ltd.
7.5
Evonik Industries AG
7.6
ExxonMobil Chemical Company
7.7
Eastman Chemical Company
7.8
Ineos Group Ltd
7.9
UPC Technology Corp.
7.10
Aekyung Petrochemical Co., Ltd
7.11
Nan Ya Plastics Corporation
7.12
Shandong Hongxin Chemical Industry Company Limited
7.13
Shandong Qilu Plasticizers Co. Ltd
7.14
Bluesail chemicals
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
North America Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
United States Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Canada Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Mexico Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Europe Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
United Kingdom Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Germany Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Italy Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
France Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Other Supporting Charts
Rest of Europe Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South America Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Brazil Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Argentina Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of South America Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Asia-Pacific Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
China Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
India Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Japan Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South Korea Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of Asia-Pacific Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Middle East & Africa Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Saudi Arabia Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South Africa Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of Middle-East & Africa Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Global Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
North America Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
United States Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Canada Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Mexico Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Europe Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
United Kingdom Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Germany Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Italy Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
France Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Other Supporting Charts
Rest of Europe Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South America Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Brazil Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Argentina Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of South America Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Asia-Pacific Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
China Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
India Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Japan Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South Korea Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of Asia-Pacific Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Middle East & Africa Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Saudi Arabia Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South Africa Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of Middle-East & Africa Plasticizers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
